In today’s briefing:
- Singapore Market Roundup (03-Jan-2025): DBS top pick: Sea for growth in live commerce and AI.
- 2024 Was Ugly for Turnarounds, 2025 Should Be Awesome!
- Charted Insights: India’s Growth Story; Two Major Risks Looming Ahead in 2025
- #79 India Insights: NSE Leads Global IPOs, HUL’s 3000 Cr Acquisition, DMart’s Q3 Boost
Singapore Market Roundup (03-Jan-2025): DBS top pick: Sea for growth in live commerce and AI.
- DBS recommends Sea due to Shopee’s promising growth from live commerce and AI investments
- Digital Core REIT may benefit from new opportunities post departure of tenant as a blank canvas, says DBS
- UOB Kay Hian maintains ‘buy’ ratings on Seatrium and FLCT, while reducing Mapletree Logistics Trust’s target price due to high vacancy rates in China
2024 Was Ugly for Turnarounds, 2025 Should Be Awesome!
- Buying the worst-performing stocks of the previous 12 months has outperformed Japan’s Topix index by an average of 7% annually for 9 straight years
- For most of 2024, the strategy didn’t work, but an uptick in TOBs, MBOs, and merger talks is suddenly making it unsafe to short low-PBR companies indiscriminately.
- Suddenly, dozens of previously complacent companies have the fear of God and are taking action to up their profitability and the market is taking notice.
Charted Insights: India’s Growth Story; Two Major Risks Looming Ahead in 2025
- India’s growth story is facing two major risks in 2025 – Valuations and earnings growth
- 56% of smallcaps and midcaps are trading at valuations higher than index valuations which itself is trading at all-time high valuations
- Earnings show sharp slowdown in QFY25 owing to slowdown in capex, govt spend and inflations.
#79 India Insights: NSE Leads Global IPOs, HUL’s 3000 Cr Acquisition, DMart’s Q3 Boost
- NSE led global IPOs with 268 listings, raising Rs. 1.67 lakh crore, highlighting India’s financial market growth in 2024.
- Hindustan Unilever (HUVR IN) Rs. 3,000 crore acquisition of Minimalist boosts its D2C skincare presence, capitalizing on rapid startup growth.
- Avenue Supermarts Ltd (DMART IN) strong Q3 performance boosted retail stocks, signaling optimism for sector growth, with notable gains in V2 Retail and V-Mart.
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